Some stats on LRL when the gold price was $650/ounce. Note the current resource of 1.7m ounces is expected to be upgraded with the latest drilling:
Market Cap: $110m
Projected EBITDA: USD54m (more like 66 with the latest gold price spike)
Cost of production: $135/ounce
Production starts in 2008
Huge exploration potential
Compare this to the recent Sino Gold takeover of Golden China for $80m. Golden China only has 0.5m ounce reserve, cash costs of $270/ounce and similar time till production.
On this basis LRL should be worth at least double the current market price.
Any ideas why the price has not moved?
this stock will double by the end of 2007, page-9
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.937M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $15.35K | 3.070M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1001000 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 103776 | 1 |
View Market Depth
| Last trade - 15.36pm 11/07/2024 (20 minute delay) ? |
| LRL (ASX) Chart |